Bitcoin ETFs see $244M outflows as crypto liquidations top $1.1B; XRP ETFs gain amid market selloff.
On October 8, Bitcoin exchange-traded funds (ETFs) experienced significant net outflows totaling $244.1 million, while Ether ETFs also saw $72.5 million withdrawn. In contrast, XRP ETFs attracted about $8.2 million in net inflows, benefiting from a leveraged-market selloff that pushed total crypto liquidations above $1.1 billion. Zcash ETFs continued to face redemptions, losing $18.7 million in October. Bitcoin prices recovered to around $82,200 after a dip to approximately $80,400 during trading. These liquidation figures reflect forced closures of leveraged positions due to insufficient collateral, not direct withdrawals from the spot crypto market.
On October 8, Bitcoin exchange-traded funds (ETFs) experienced significant net outflows totaling $244.1 million, while Ether ETFs also saw $72.5 million withdrawn. In contrast, XRP ETFs attracted about $8.2 million in net inflows, benefiting from a leveraged-market selloff that pushed total crypto liquidations above $1.1 billion. Zcash ETFs continued to face redemptions, losing $18.7 million in October. Bitcoin prices recovered to around $82,200 after a dip to approximately $80,400 during trading. These liquidation figures reflect forced closures of leveraged positions due to insufficient collateral, not direct withdrawals from the spot crypto market.
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